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Author Topic: We have to be aware that bitcoin will not last forever  (Read 1709 times)
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December 21, 2018, 10:59:53 PM
 #61

Any new technology in one decade can turn into more advanced or disappear. I think Bitcoin will live long and grow as the leader of the crypto community. But not forever, nothing is forever
I agree. Bitcoin has not yet shown itself in full force. But after everyone knows about it, everything will change, and perhaps a new technology will be released.
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December 21, 2018, 11:16:46 PM
 #62

Any new technology in one decade can turn into more advanced or disappear. I think Bitcoin will live long and grow as the leader of the crypto community. But not forever, nothing is forever
I agree. Bitcoin has not yet shown itself in full force. But after everyone knows about it, everything will change, and perhaps a new technology will be released.
People will look into new technology and system, year after year another invention will come out. Blockchain technology isn't great at all at this time as the risk is very high in which some individuals were afraid. The used of this technology isn't particularly for currency system but it is just an investment at all. 



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December 21, 2018, 11:16:56 PM
Last edit: December 21, 2018, 11:29:08 PM by Gotomoon
 #63

Yes I believe your opinion because Bitcoin never fruad because day by day people involving themselves in the cryptocurrency due to security, transfer facilities, less risk and any others facilities.
Yes we should be aware about bitcoin it’s security and other risks factor. As long people involve in bitcoin it could continue existing.
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December 22, 2018, 02:52:19 AM
 #64

Predicting the future is tough but I'm betting on Elixxir, David Chaum's new project to gain market share where BTC was intended.  It's been shown by David Chaum and David Schwartz of Ripple that you still need very high on chain throughput to satisfy global acceptance.  You can't rely on LN or other off chain solutions entirely.  With BTC only processing 32 transactions per second instead of the 750,000- 1MM per second needed I don't see how BTC can adapt in this regard.  Of course, its not just about speed.  You also have to be environmentally sustainable and with BTC energy consumption last year as high as the Czech Republic and not even being used at scale yet this is catastrophic.  Elixxir has a brilliant consensus mechanism thats fast, sustainable and secure.  Of course, XRP will be the global standard "glue" tying fiat and any other crypto's together as a bridge asset worldwide.  Its also scalable, secure and sustainable.  XRP, Elixxir and FCT will do extremely well and for BTC to be relevant in 5 years it needs to make dramatic and very fast adjustments. 
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December 22, 2018, 03:37:02 AM
 #65

Anything is never permanent in this world , yes Bitcoin also will decline , same goes with Currencies of nations like USD they also will decline. But we have to understand that Bitcoin is pretty much very young it will bloom with time. Technology will be developed and Blockchain will also be developed.

indeed, the development of bitcoin is still fairly young, so if indeed there are conditions and volatile prices it is still normal. It's just that, if bitcoin is to be implemented in realtime, this will not be good in the future

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December 22, 2018, 07:37:48 AM
 #66

no one can know the development of any crypto currency and investors who have enormous confidence and patience and they will survive

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December 22, 2018, 07:43:40 AM
 #67

bitcoin is already not trusted by people, but I am still working to find profits on bitcoin coins, I still believe that bitcoin coins can be invested, we are just waiting for the bitcoin price to improve

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December 22, 2018, 07:47:53 AM
 #68

Any new technology in one decade can turn into more advanced or disappear. I think Bitcoin will live long and grow as the leader of the crypto community. But not forever, nothing is forever
that's right because bitcoin has a very big name to know a lot of people, so with the new technology it looks like bitcoin will last a long time even though it often goes down in price

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December 22, 2018, 08:23:45 AM
 #69

Its true that everything has an end but I think this is just the beginning of Bitcoin, if we go 2 years back only a little population of this world knew about Bitcoin and still this population is very less as per total population although a big community has entered into crypto market after last boom of BTC.
Bitcoin is still the king of crypto market so its unpredictable that after how many years there is decrease it over use of bitcoin, it may lasts for next many many years.

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December 22, 2018, 08:45:36 AM
 #70

bitcoin is already not trusted by people, but I am still working to find profits on bitcoin coins, I still believe that bitcoin coins can be invested, we are just waiting for the bitcoin price to improve
yes, maybe the person who doesn't believe is only a pessimistic and desperate person, all they know is that prices won't go up so they just sell it. only a patient person will benefit from it.
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December 22, 2018, 09:05:29 AM
 #71

Though nothing on earth last forever. Still yet we can't still say that bitcoin won't last forever because we haven't still yet still see what bitcoin really have for this digital world century. But I must still say that, bitcoin might not last 3 decades more.
You still have not seen what bitcoin has done for this century? Are you serious with that comment or trying to increase your posts? Hey, bitcoin is the reason you are in this forum to start with. Secondly, it is an easy means of paynent, replacing the stress of fiat and the banking requirements. Thirdly, the blockchain came to existence because of bitcoin. Fourthly, ...should I go on and on?
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December 22, 2018, 09:41:06 AM
 #72

I think we really shouldn't depend on life for only one support, but we must have many branches in everything that can make a profit, so when there is one asset lost, for example Cryptocurrency. then we will not be sad, because there are still many other branches.
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December 22, 2018, 12:33:50 PM
 #73

If there is a physical delivery of bitcoins to investors, this will prevent the manipulators from trading in air and will have a positive impact on the whole cryptoindustry, breathing new life into bitcoin.

Bakkt, a Bitcoin futures market operated by ICE, the parent company of the New York Stock Exchange (NYSE), is close to receiving a green light from the U.S. government.

As CCN reported on December 21, Bakkt has been working with the Commodities and Futures Trading Commission (CFTC) to have its business plan approved, which revolves around the physical delivery of Bitcoin to its investors.
https://www.ccn.com/how-bakkt-could-affect-the-bitcoin-price-unlike-existing-futures-markets/

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December 22, 2018, 01:41:03 PM
 #74

We have to be aware that we will not last forever as well and I firmly believe that BTC will outlive a lot of us. At the given moment, BTC is the best that block chain as a newest technology has to offer.
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December 22, 2018, 02:17:45 PM
 #75

no one can know the development of crypto currencies so everything can happen will develop or lose the crypto future depending on the investor itself
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December 22, 2018, 02:29:51 PM
 #76

bitcoin is a technology so the possibility is that bitcoin will be replaced by another technology that is better than bitcoin, but for the next few years bitcoin will still be an option and will not be replaced.

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December 22, 2018, 02:39:02 PM
 #77

Like all digital technology, it is unquestionable that sooner or later bitcoin will have to be replaced by a superior technology, just as in the past we saw many devices become obsolete when at the time seemed insurmountable, such as CDs or PCs.

Obviously this will happen in a gradual way, but I do not believe that bitcoin can retain its current dominance for more than ten years before starting to fall into disuse, although perhaps its influence could persist in the market about ten years.

In the end, bitcoin is likely to subsist for many years, but by then it will have evolved in such a way that it will be virtually unrecognizable for today’s standards, and in fact it is difficult that in 15 years there is something similar to the current cryptocurrencies before the spectacular advances in digital technology that are approaching.


there are differences in viewpoints especially for digital technology, now bitcoin is the most phenomenal discovery for this type of virtual currency. I disagree with you, even now there are no other options that can offer better than Bitcoin. so if we want to try to be smart if, you should offer another solution

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December 22, 2018, 02:51:26 PM
 #78

Nothing is lasting forever in this world what matter is what kind of technology and a concept bitcoin has introduced into the financial world because before Bitcoin we never heard about a technology call Block-chain technology or a currency type call Digital currency but because of bitcoin these things are very common for today world and some deny but some accept but doesn't matter because bitcoin is progressing so in the future even a better currency surpass it the name bitcoin will be remembered forever as the first digital currency in the world which was able to make a huge impact on the world's economy by introducing the concept   
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December 22, 2018, 03:25:07 PM
 #79

I think we really shouldn't depend on life for only one support, but we must have many branches in everything that can make a profit, so when there is one asset lost, for example Cryptocurrency. then we will not be sad, because there are still many other branches.
Diversion is really a good options just in case things won't come up according to your plan, options from different types of market but learning the fundamentals is very important as we see that bitcoin can both be adopted or be replaced in anyhow, everything will be depend from the trend if
most investors continue to believe then bitcoin somehow will be adopted and continue to grow things are always be possible.

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December 22, 2018, 03:35:41 PM
 #80

es, perhaps after some time, bitcoin will be replaced by a more modern technology, but even now the bitcoin network is constantly changing and improving for the better.
Only for 2018 it's been a few forks to improve the operation of the network.
If bitcoin worked with the same characteristics as when it was created, the network would have collapsed long ago. So what you're saying is not entirely true. Bitcoin as well as many cryptocurrencies are constantly updated stagnation in this industry will greatly harm first of all the digital assets themselves, so updates are necessary and inevitable .

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